LTKM Bhd buys CN Asia land for RM58.4 million

LTKM Bhd plans to buy four parcels of adjoining land measuring 6.38 acres, worth RM58.4 million for future property development. A 2.389-acre leasehold land houses CN Asia’s existing factory, the others 3 parcels are all vacant.

(iProperty, 14/06/2016)

Hap Seng buys Kuala Selangor plots for RM228.75 millon

Hap Seng Consolidated Bhd is buying 36 parcels of freehold agricultural land with an aggregate land size of 1,449.52 acres in Kuala Selangor, for RM228.75 million to develop a mixed development with an estimated gross development value (GDV) of RM9.3 billion. Hap Seng unit Euro-Asia Brand Holding Company Sdn Bhd is buying 20 plots of land which collectively measure 734.82 acres from Shalimar for RM121.54 million or RM165 per acre. It also acquired another 16 plots, from Indo Malay measuring 714.7 acres for RM107.21 million or RM150 per acre. All the 36 plots it is acquiring are located in the Kuala Selangor district and can be easily accessed via the Latar Expressway. Hap Seng intends to develop the GDV of RM5 billion land with “sought-after modern guarded-and-gated lifestyle residential properties and commercial components” on Shalimar plots. The land parcels also close to the Royal Kampung Kuantan Golf Club and University of Selangor in Batang Berjuntai. The deals are expected to be completed in 3Q16.


(The Edge Property, 16/06/2016)

MSC acquires land and properties in Westport for RM50 million

Malaysia Smelting Corp Bhd (MSC) subsidiary, M Smelt (C) Sdn Bhd is buying three parcels of land at Pulau Indah Industrial Park, Westport – along with plant and machinery on the properties for RM50 million from Metal Reclamation (Industries) Sdn Bhd. The company is paying RM32.5 million for the three plots of leasehold land, with aggregate land size of 12.05 acres and the buildings built thereon, and RM17.5 million for the plant and machinery.


(The Edge Property, 16/06/2016)